You are here:

Compensation of members of the Supervisory Board

Remuneration of members of the Supervisory Board is regulated by § 13 of the Articles of Association of METRO AG. Following a proposal by the Management Board and Supervisory Board, the Annual General Meeting 2013 decided to switch to only fixed compensation for members of the Supervisory Board. For this reason, no variable compensation was paid in financial year 2013/14. Fixed compensation totals €65,000 for every ordinary member of the Board.

The value added tax payable to the compensation is reimbursed to the members of the Supervisory Board in accordance with § 13 Section 5 of METRO AG’s Articles of Association.

Remuneration factors

The individual amount of Supervisory Board remuneration takes into account the duties and responsibilities of the individual members of the Supervisory Board by considering special assignments. The compensation of the Chairman of the Supervisory Board is three times higher than that of an ordinary member of the Supervisory Board; that of the Vice Chairman and the Chairmen of the committees is twice as high; and that of the other members of the committees is 1.5 times higher. The remuneration for membership or chairmanship of a committee will be paid only if at least two meetings or other resolutions took place during the respective financial year. A member of the Supervisory Board who holds several offices at once receives compensation for only one office; in the case of different levels of remuneration, the member is compensated for the most highly paid office.

The relevant individual amounts for financial year 2013/14 are as follows:

Remuneration of members of the Supervisory Board for financial year 2013/14 pursuant to § 13 of the Articles of Association1

Other intra-group compensation1 of members of the Supervisory Board for financial year 2013/14

Financial year 2013 was the short financial year (1 January to 30 September 2013)

3

Remuneration paid in the reporting period by a group company with a different financial year

Ulrich Dalibor

2013

6,750

2013/14

5,250

Uwe Hoepfel

2013

49,800

2013/14

49,800

Werner Klockhaus

2013

6,695

2013/14

9,300

Rainer Kuschewski

2013

18,979

2013/14

39,400

Gabriele Schendel

2013

49,800

2013/14

49,800

Susanne Meister

2013

3,000

2013/14

2,500

Mattheus P. M. (Theo) de Raad3

2013

–

2013/14

17,692

Xaver Schiller

2013

9,000

2013/14

9,000

Angelika Will

2013

2,000

2013/14

–

Total

2013

146,024

2013/14

182,742

Beyond this, the members of the Supervisory Board were not granted any remuneration or benefits for work performed, in particular consulting and brokerage services, on behalf of companies of METRO GROUP in the sense of Subsection 5.4.6 of the German Corporate Governance Code.